Boughey Distribution’s profit took a hit after it ran out of warehousing space and was forced to outsource some of its storage operation last summer. While the food division of the NWF Group’s turnover increased 2.7% to £19.3m for the half year ended 30 November 2015 (2014: £18.8m), the extra costs its storage issue incurred “more than offset” this rise. The additional costs came from the transportation required to move the overflow consignments to and from alternative storage locations. In […]
Gefco, the logistics arm of PSA Group, saw its global revenue rise 12.9% in 2011 as it prepares to embark on what it describes as a “decisive year” for the company. For 2011 Gefco reported global revenue of €3.8bn, compared to €3.4bn a year ago, and an operating income of €223m (2010: €198m). Excluding its PSA business, revenue was up 19.2% to €1.4bn. In January Gefco revealed new contract wins with Chevrolet and HPC Healthline. A statement from the firm […]
Boughey Distribution said it had a “positive” year in food distribution despite difficult conditions caused by supermarkets that are fighting for market share deflating prices.